I think it's because when they get the contractually guaranteed "golden parachute", the board thinks this CEO is gonna work out great so why argue, and since it

I think it's because when they get the contractually guaranteed "golden parachute", the board thinks this CEO is gonna work out great so why argue, and since it's not at all uncommon it doesn't seem like a red flag at all; it's the norm. By the time it actually happens, they have a contract that says it will happen, which is rarely overturned.